Jarden Buys Tablewares Company

Global consumer products company Jarden Corp. has acquired the disposable tableware manufacturer Waddington Group for approximately $1.35 billion.

April 6, 2018

Jarden, which is the world's No. 54 largest licensor according to

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, owns and manages such brands as Yankee Candle, Coleman, Mr. Coffee and Oster, among others.

Waddington produces disposable tableware for commercial, foodservice and retail markets. Jarden Corp. will leverage those categories to create cross-selling opportunities for its brands and to expand its distribution platform, particularly in the business-to-business category.

The funding for the transaction, which is expected to close in Q3, is coming from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders.

"This acquisition should immediately enhance our financial performance and create exciting new revenue drivers," says James E. Lillie, chief executive officer, Jarden. "Our complementary

businesses–further enhanced by our combined deep bench of management talent–lay the foundation for new cross-selling opportunities, cross-brand collaboration and cross-business support. … Jarden's global presence, capabilities and scale will help Waddington's expansion into new markets and geographies to further drive top-line growth and profitability. At the same time, Waddington should enhance and accelerate Jarden's growth in the B2B market."

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